100+ Wallets Secretly Distributing Tokens in Batches! Highly Concentrated BULL Holdings Draw Attention

On-chain data shows that about 50% of BULL tokens are held in a highly concentrated state, distributed across a complex network of associated wallets.
Tracking reveals that an address cluster made up of more than 100 wallets, after completing token transfers, has begun to sell gradually in small batches to reduce on-chain identifiability. At present, the cluster has generated about $250,000 in profits, and some addresses completed their sales at interim peak points.
Meanwhile, the cluster still holds around 30% of the total BULL supply, meaning the market’s token supply has not been fully released.
From the structure, this kind of behavior—“multi-address dispersion + batch selling”—typically lengthens the market digestion cycle and increases uncertainty around short-term price volatility.
In the crypto market, price is only a surface phenomenon; what truly matters is how tokens are allocated and released.
Once you start to understand “who is slowly selling,” instead of merely watching K-line ups and downs, you truly enter the market’s deeper logic. #加密市场小幅下跌 #WCTC交易王PK #Polymarket每日热点 $AXS $ZEC